Feb
16

Seniors Housing Continues to Give Mixed Signals

By
– NIC

In recent months, the economy has given mixed signals about the strength of its recovery. The stubbornly high unemployment rate has showed signs of declining, albeit slowly, and in January declined to the lowest level since April 2009. On the other hand, the housing market continues to show signs of weakness, and prices are expected to continue declining well into this year. Not unlike the general economy, seniors housing continues to show mixed indicators as to when the sector will recover. Recently released 4Q10 NIC MAP data indicates that seniors housing occupancy was 87.6%, which was unchanged from last quarter and essentially flat from a year ago.
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